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Read the following description of a data set.\newlineA property developer has a plan for a massive new amusement park but is unsure how many people might attend. To get a better sense of visitor numbers, she collected information from other amusement parks across the country.For each park, she noted the number of rides, xx, as well as the average daily attendance, yy.The least squares regression line of this data set is:y=446.926x+680.249y = 446.926x + 680.249\newlineComplete the following sentence:\newlineIf an amusement park had one more ride, the least squares regression line predicts the average daily attendance would increase by ___\_\_\_.

Full solution

Q. Read the following description of a data set.\newlineA property developer has a plan for a massive new amusement park but is unsure how many people might attend. To get a better sense of visitor numbers, she collected information from other amusement parks across the country.For each park, she noted the number of rides, xx, as well as the average daily attendance, yy.The least squares regression line of this data set is:y=446.926x+680.249y = 446.926x + 680.249\newlineComplete the following sentence:\newlineIf an amusement park had one more ride, the least squares regression line predicts the average daily attendance would increase by ___\_\_\_.
  1. Identify coefficient of xx: Identify the coefficient of xx in the least squares regression line equation.\newlineThe coefficient of xx represents the change in the dependent variable (yy, which is the average daily attendance) for each unit increase in the independent variable (xx, which is the number of rides).\newlineThe equation given is y=446.926x+680.249y = 446.926x + 680.249, so the coefficient of xx is 446.926446.926.
  2. Interpret coefficient of xx: Interpret the coefficient of xx. The coefficient of xx (446.926446.926) indicates that for each additional ride (increase in xx by 11), the average daily attendance (yy) is predicted to increase by 446.926446.926 visitors.
  3. Answer based on interpretation: Answer the question based on the interpretation of the coefficient.\newlineSince the coefficient of xx is 446.926446.926, if an amusement park had one more ride, the least squares regression line predicts the average daily attendance would increase by 446.926446.926.

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